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Corporate presentation september 2014
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Maniitsoq Ni-Cu Sulphide Project,
SW Greenland
Forward Looking Statements:
Some of the statements contained herein may be forward-lookingstatements which involve known and unknown risks anduncertainties. Without limitation, statements regarding potentialmineralization and resources, exploration results, and future plansand objectives of the Company are forward-looking statements thatinvolve various risks. The following are important factors thatcould cause the Company’s actual results to differ materially fromthose expressed or implied by such forward-looking statements:changes in the world wide price of mineral commodities, generalmarket conditions, risks inherent in mineral exploration, risksassociated with development, construction and mining operations,the uncertainty of future profitability and the uncertainty of accessto additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results andfuture events may differ materially from those anticipated in suchstatements. North American Nickel undertakes no obligation toupdate such forward-looking statements if circumstances ormanagement’s estimates or opinions should change. The reader iscautioned not to place undue reliance on such forward-lookingstatements.
TSX-V : NAN
2
www.northamericannickel.com
3
CORPORATE OVERVIEW
Flagship Maniitsoq project in SW Greenland with
District scale land position and significant Ni-Cu
intersections
Land package in established Sudbury nickel camp
Experienced management, board and advisors with
technical and operational nickel expertise
Well financed with strong cornerstone investor
CAPITAL STRUCTURE (As at Sept. 2014)
Issued & Outstanding: 169,884,679
Warrants: ($0.21 - $1.00) 25,137,027
Options: 11,333,000
Fully Diluted: 206,354,706
52 Week High/Low $0.65/$0.16
Current Price $0.26
Market Cap $44 million
Cash $6.5 million
SIGNIFICANT SHAREHOLDERS
Sentient Group 41.2%
VMS Ventures 22%
4
Why Own North American Nickel?
The Right Geology Maniitsoq’s geology is exemplary for hosting a district scale nickel camp:
Abundance of high-grade Ni-Cu±Co±PGE sulphide occurrences throughout a 75 x15 km belt
Sulphide mineralization has consistently high nickel tenor
Ni-Cu±Co±PGE occurrences are related to a large-scale, mafic-ultramafic magmatic event associated with major, long-lived structures
Mineralogical test work indicates potential for good Ni recovery using conventional techniques
The Right Technology: Application of new technology has lead to better detection and targeting
Modern, helicopter-borne, time domain electromagnetic (TEM) technology has proven successful at locating Ni-Cu±Co±PGE mineralization that previous fixed wing airborne surveys missed due to difficulties associated with rugged terrain.
Surface gravity has the potential to outline the sub-surface extents of prospective mafic-ultramafic intrusions
Modern surface EM surveys have enhanced depth penetration
Borehole EM is helping to target mineralization in the subsurface
5
Why Own North American Nickel?
The Right Place Greenland is a secure, first world political jurisdiction supported by pro-mining government
Greenland, outside of infrastructure and labor supply, is ranked top 10 in the Fraser Institute’s annual survey of mining jurisdictions around the world
In 2013 Greenland issued an exploitation license to London Mining for the >1 billion tonne IsuaIron deposit situated 50 km inland from the Maniitsoq project. Six mineral exploitation licenses issued during period 2003-2014.
Adjacent to tide water that is navigable year-round. Southwest Greenland is warmed by the Gulf Stream current
The Right People Highly experienced management and technical team with over 125 years of exploration and mining
experience and a track record of discovery
VMS Ventures Reed Lake Copper Mine, Manitoba
Board well versed in operation of public companies and financing; advisors with specialized experience in nickel and also operating in Greenland
NAN has strong strategic investors
The Sentient Group owns 41.2%
VMS Ventures Inc. owns 22%
6
MANAGEMENT & TECHNICAL TEAM
Mark Fedikow, PhD, P. Geo.President & Interim CEO
• 39 years of industry and government experience
• Former Chief Geologist, Mineral Deposits Section
(Manitoba Geological Survey)
Neil Richardson, P. Geo.Chief Operating Officer
• Over 26 years in mineral exploration and mining operations
( Hudbay, Murgor)
• Extensive experience in Resource-Reserve estimations
Cheryl Messier, CGAChief Financial Officer
• Over 15 years in finance with last 7 years as CFO/controller
Patricia Tirschmann, MSc, P. Geo.Principal Nickel Geologist
• 26 years specializing in Ni-Cu sulphide exploration
• Senior Geologist with Falconbridge Limited and former VP Exploration
Continental Nickel Limited
Jim Sparling, P. Geo., MBAProject Manager
• Over 25 years exploring for base metals and gold
• member of Hudbay team with four economic discoveries
BOARD OF DIRECTORS
Douglas Ford, Non-executive Chairman
• 27 years working in public markets incl. CFO; experience in corporate
finance, financial reporting, compliance, public and media relations
Mark Fedikow
Gilbert Clark• Geologist with over 13 years industry experience incl. mining and
international resource developments
• Investment Advisor with Sentient Group
Jim Clucas• Former CFO of Inco’s Canadian Operations
• Founder of International Nickel Ventures Inc.
Edward Ford• Chartered accountant and specialist in venture capital and
bridge financing
• 40 years experience in financial development plans
John Roozendaal• Founding director and President of VMS Ventures
• 20 years of mineral exploration experience
ADVISORY BOARD
Mr. Alex Balogh Former Chairman and CEO of Falconbridge Limited
Mr. Ole Christiansen CEO of Nuna Minerals A/S, 25 years experience in mineral exploration in Greenland
Dr. James Patterson Former VP Exploration of FNX Mining Company Inc.
Dr. Tony Naldrett Internationally recognized expert in field of nickel sulphide deposits
7
Maniitsoq Project History and
Corporate Financing
Apr-Sept 2014
Field Program 3
incl. surface gravity
surveys & 8,773m
Sept-Oct 2011
SkyTEM survey
flown June-Sept 2012
Field Program 1
incl. VTEM survey &
1,550m drilling
May 2011
NAN listed
on TSXV;
Raises $3.2M
Aug 2011
Maniitsoq
Expl. License
Acquired
May 2012
$3.4M private
placement
June 2013
$7.05M private
placement
June-Sept 2013
Field Program 2
incl. VTEM survey &
4,266m drilling
May 2014
$9.38M private
placement
2011 2012 2013 2014
8
High Grade Results at the Imiak Hill Complex (IHC)
IMIAK HILL MQ-13-026: 18.62m @ 4.31% Ni, 0.62% Cu, 0.14% Co
Incl. 4.01m @ 6.04% Ni, 0.64% Cu, 0.19% Co
Incl.7.12m @ 5.18% Ni, 0.81% Cu, 0.17% Co
MQ-13-028: 24.75 m @ 3.19% Ni, 1.14% Cu, 0.11% Co
Incl. 17.91m @ 3.80% Ni, 1.42% Cu, 0.13% Co
MIKISSOQ
MQ-13-029: 9.99 m @ 4.65% Ni, 0.33% Cu, 0.13% Co
SPOTTY HILL
MQ-12-005: 123.94 m @ 0.81% Ni, 0.21% Cu, 0.03% Co & 0.26 g/t TPM
Incl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co & 0.52 g/t TPM
Incl. 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co & 0.6 g/t TPM
* TPM – total precious metals (Au + Pt + Pd)
9
MANIITSOQ PROJECT
10
PROJECT OVERVIEW
District scale property covering 3,601 sq km in SW
Greenland. 100% Owned.
Property covers 75km x 15km Greenland Norite Belt
(GNB) hosting numerous mineralized intrusions
Three norite bodies (Imiak Hill, Mikissoq & Spotty Hill)
within a 2 km radius which comprise the Imiak Hill
Complex (IHC)
High grade nickel sulphide mineralization (locally over
7% Ni) intersected in 2013 and 2014 drilling at Imiak
Hill
Multiple new intersections of mineralized norite at
regional targets in 2014
Over 200 conductive targets identified through
helicopter EM (VTEM) geophysical surveys
11
LOCATION
Located on the southwest coast of Greenland, whichis pack ice free year-round.
Maniitsoq’s mild climate allows for all year roundmining & shipping of concentrate.
Nuuk has modern, well serviced container port andEuropean standard logistical support and coastal re-supply services
Greenland is a democratic, pro-mining country with atransparent regulatory system, competitive miningtax regime and no land claims issues.
12
PROPERTY
Property consists of two exploration licenses
totalling 3,601 km2
95 km N-S by up to 65 km E-W
Camp located on coastal inlet
Capital of Nuuk ~ 45 minutes by helicopter and
3.5 to 4 hours by boat
13
GEOLOGY
Nickeliferous Mafic-Ultramafic Intrusions
Concentrated in a 75 x 15 km curvilinear belt known asthe Greenland Norite Belt
Norites, leuco-norites, pyroxenites & peridotites with surface gossans
Range in size from small dykes and plugs to elongatedbodies covering up to 8 km2
Hybridized margins and xenoliths of partially resorbed country rock are common
Age dates of ~ 3.0 Ga
Country Rocks
Mesoarchean gneisses of the North Atlantic Craton
Akia Terrane: Mainly trondhjemitic-tonalitic-granodioritic (TTG) and granitic gneisses
Amphibolite and meta-sedimentary supracrustal rocks
Strongly deformed & metamorphosed
14
EXPLORATION HISTORY (GNB)
1959 – 1973: Kryolitselskabet Øresund (KØ)
Systematic prospecting from the air, shallow-looking surface
geophysics (< 50m) and shallow diamond drilling (average
hole length <55 m)
Surface nickel occurrences and nickel intersections in
drilling:
• Fossilik II: 12.89m @ 2.24% Ni & 0.63% Cu
• Imiak Hill: 9.85m @ 2.67% Ni & 0.60% Cu
• Quagssuk: 4.95m @ 1.97% Ni & 0.43% Cu
no airborne geophysics, modern ground EM surveys or
borehole EM
1995: GEUS
Commissioned Geoterrex to fly fixed wing GeoTEM survey
1995 – 1996: Cominco
ground follow-up of airborne EM picks
limited ground geophysics
1996 – 1998: Platinova and Monopros
Diamond exploration
1999 – 2000: Falconbridge Limited
Prospecting & re-analysis of historical
drill core to confirm high grade assays and
establish nickel tenors
Limited ground geophysics
No drilling by either Cominco or Falconbridge
= Selected Ni-Cu occurrence= Ni-Cu occurrence
15
New TechnologyHelicopter-borne TDEM
Borehole TDEM
Surface Gravity
The Past
Prospecting, fixed wing airborne EM and shallow surface geophysical surveys
Successful at locating outcropping mineralization but airborne EM surveys hampered by rugged terrain
Historical drilling was shallow and did not include borehole EM
The Present
Helicopter-borne EM surveys mantle the terrain and can detect conductors not seen by historical airborne EM surveys > 200 EM anomalies
Surface gravity surveys potentially outline mafic-ultramafic intrusions in the sub-surface
Borehole EM increases “search radius” of drill holes and helps target follow-up drilling
~ 25% of property covered by Helicopter EM
16
IMIAK HILL COMPLEX (IHC) 2012-201317 drill holes, 3,248m
17
IHC SULPHIDE MINERALIZATION
Sulphides range from disseminated to net-textured to semi-massive & massive
Evidence of remobilization of SMS and MS (breccias, veins, stringers)
Consists of pyrrhotite (Po), pentlandite (Pn), chalcopyrite (Cpy) and pyrite
Often coarse-grained, possibly recrystallized
Nickel primarily in pentlandite (95-96%)
MQ-14-037, Imiak Hill
Po
Cpy
Pn
18
IMIAK HILL COMPLEX (IHC) 201417 drill holes, 5,048 m
19
IMIAK HILL: ZONES 10 & 30 LONGITUDINAL SECTIONS
20
2014 REGIONAL DRILLING HIGHLIGHTS
New intersections of mineralized norite
at eight widespread regional locations
Disseminated to semi-massive sulphides
Pyrrhotite- Chalcopyrite-Pentlandite
Nickel tenors up to ~ 12%
P-053 closest to coast and NAN camp
22 drill holes, 3,725m
Pn
0.50m @ 3.31 % Ni, 0.61% Cu21
P-149 (Pingo)
MQ-14-041
23.2m @ 0.36% Ni, 0.17% Cu
& 0.15 g/t TPM
5.6% Ni
22
P-058
High grade massive sulphide veins
(avg.) 5.58m @ 1.72% Ni & 0.26% Cu
MQ-14-054
6.18% Ni, 0.56% Cu
5.23% Ni
23
P-013
MQ-14-066
6m, assays pending
MQ-14-068
16m, assays pending
MQ-14-071
44,607S
10,206S
8,902S
194m
24
P-053Borehole EM Survey Results
150ms fluxgate survey
3 high conductance
BHEM anomalies
Correlated with
mineralized norite
intersected in hole
MQ-14-071
Cpy-rich
Looking North
25
Deposit Model?
Similarities to major nickel deposits but unique
Characteristics Maniitsoq Observations
Age Archean: ~ 3.0 Ga U-Pb zircon ages for five norite intrusions
Tectonic Setting Deeply eroded, rifted cratonic
margin with evidence of large
magmatic event
TTG assemblage; carbonatites &
kimberlites; norite belt & dyke swarms;
high grade metamorphism and mylonites
Magmatic
“Architecture”
Irregularly shaped to locally
linear, deformed, intrusive bodies
Potentially conduit systems
Evidence of
Contamination
Yes Wispy fragments and hybridized zones
Sulphides Magmatic & remobilized,
possibly recrystallized;
Po-Cpy-Pn±Py
IHC Mineralization concentrated into
steeply plunging zones
MgO% Imiak Norite: 5.7 – 9.6
Spotty Pyroxenite: ~ 22
Opx > Cpx, locally replaced by Hbl
Nickel Tenors
(in 100% sulphides)
4 – 12% Median: 8.4 (<10% sulphides)
7.1 (>10% sulphides)
Ni:Cu ratios 1 – 10 Median: 3.1 (< 10% sulphides)
7.4 (> 10% sulphides)
Ni:Co ratios 17 – 37 Median: 27 (<10% sulphides)
31 (>10% sulphides)
www.northamericannickel.com26
SUMMARY
District scale property with potential to host new nickel camp
High grade Ni-Cu at IHC and new regional Ni-Cu discoveries
Rapidly evolving exploration model and methodologies
Large exploration program planned for 2015
Project underpinned by experienced management and board and
supported by strong cornerstone investor
Appendix
People (Pgs. 32-34)
Economic Geology (Pgs. 35-37)
2014 Drilling Program (Pgs. 38-39)
Historical Ni Occurrences (Pg. 40)
27
28
Management & Technical Team
Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. - President & Interim CEO
• 35 years of industry and government experience; Fellow of Assoc. of Applied Geochemists; former Chief Geologist,
Mineral Deposits Section, Manitoba Geological Survey
Cheryl Messier, CGA - Chief Financial Officer
• over 15 years in finance with last 7 years as CFO or controller in various public companies
Neil Richardson, P. Geo. - Chief Operating Officer
• over 26 years in mineral exploration (base metals, nickel and gold) and mining operations in Canada and overseas;
extensive experience in resource-reserve estimations and operations; Hudbay, Murgor
Patricia Tirschmann, P. Geo., HBSc., M.Sc. - Principal Nickel Geologist
• 26 years specializing in magmatic nickel-copper sulphide exploration in Canada and overseas including 18 years with
Falconbridge Limited; most recently Vice President Exploration for Continental Nickel Limited
Jim Sparling, P. Geo., B.Sc., MBA - Project Manager
• over 25 years exploring exploring for base metals, gold and nickel; member of Hudbay team who discovered four
economic ore bodies in the Flin Flon-Snow Lake belts; recently COO for Skyline Gold and Exploration Manager for
StrataGold
29
Directors
Douglas Ford - Non-executive Chairman
• 27 years working in public markets, serving as CFO and board member for a number of junior companies; extensive
experience in corporate finance, financial reporting, compliance, public and media relations and operations
Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. - President & Interim CEO
Gilbert Clark - Director
• Geologist with more than 13 years of industry experience principally in mining and international resource developments;
currently an Investment Advisor with The Sentient Group, an independent private equity investment firm specializing in
the global resources industry
Jim Clucas - Director
• Former Chief Financial Officer of Inco’s Canadian operations and involved in the development of several mineral deposits
including the Snow Lake Mine (High River Gold Mines), Montana Tunnels (Pegasus Mining) and the Fenix Project in
Guatemala; founder of International Nickel Ventures Inc.; currently President and CEO of Search Minerals
Edward Ford - Director
• Chartered accountant and specialist in venture capital and bridge financing; over 40 years experience creating and
implementing financial development plans for client enterprises in Canada and the US
John Roozendaal - Director
• 20 years of mineral exploration experience; founding director and President of VMS Ventures Inc; directly involved in the
Reed Copper discovery.
30
Advisory Board
Dr. Tony Naldrett
• internationally recognized expert in the field of nickel sulphide mineralization; Professor of Geology at the University
of Toronto from 1967 to 1998; authored or co-authored over 240 refereed papers and 8 books and supervised 15 M.Sc. and
16 Ph.D. students and 15 Postdoctoral Fellows with focus on magmatic nickel, copper and platinum-group element sulphide
deposits, worldwide.
Mr. Alex Balogh
• former Chairman and CEO of Falconbridge Ltd., Deputy Chairman of Noranda Inc. and CEO of Noranda Minerals Inc;
served as Chairman and Director for various mining organizations; sits on The Sentient Council and is a current member of
the Advisory Board of Hatch Associates; metallurgical engineer with more than 40 years of experience in the mining and
metallurgical industry.
Dr. James M. Patterson
• former Geological Consultant, Vice President Exploration and VP & Executive Consultant with FNX Mining
Company Inc.; instrumental in the revival and building of the company from a market capitalization of $20 million to $2.5
billion; over 40 years experience in mineral exploration globally.
Mr. Ole Christiansen
• geologist with over 25 years experience in mineral exploration in Greenland; various positions with Nunoil A/S, Ujarak
Minerals ApS and the Greenland Development Corp.; President and CEO of Nuna Minerals A/S since 1999.
31
Norite Intrusions
Distinct Appearance
Rounded hills covered with brownish-grey, often rusty, rock and coarsegravel.
Multi-phase: compositions range fromquartz diorite through norite topyroxenite to lherzolite.
Locally pyroxenes are partially orcompletely replaced by hornblende.
Field and Drill Core Observations
Centre of bodies are massive to weaklyfoliated.
Strain localized near contacts which canbe mylonitized.
Magmatic textures as well as apparentremobilization and recrystallization.
Evidence of interaction with countryrocks; chaotic rock assemblages withbreccia-like textures
32
Sulphide Mineralization
Consists of monoclinic pyrrhotite, pentlandite, chalcopyrite and pyrite
Often coarse-grained
Nickel primarily in pentlanditeand likely to produce a clean concentrate
Inclusion-bearing sulphides (i.e. massive sulphide matrix with fragments of host rock) is a common texture
Disseminated, blebby, net textured and vein sulphides are also common
33
Nickel Deportment - QEMSCAN
Mas
s (
% N
i)
Legend
Sample
Elemental Deportment (Mass % Ni)
Pentlandite is the main nickel-
bearing mineral and contains 95.5
to 96.3% of all the nickel in the
samples.
Total potentially floatable
pentlandite ranges from 96.3 to
97.6%.
Pyrrhotite hosts 2.71 to 4.03% of
the nickel.
Silicates host < 1% of the nickel.
34
2014 Drill Program 8,773m in 39 HOLES
Imiak Hill Complex 5,048m in 17 holes
Imiak Hill
New Zone 30 intersection
MQ-14-037: 11.03m @ 3.07% Ni & 0.53% Cu incl. 7.04% Ni & 0.25% Cu over 0.63m
Expansion of Zone 10
MQ-14-072: 19.5m of net-textured to semi-massive sulphides, assays pending
Disruption of down plunge extent of zones 10 and 30 by mylonite zone
Mikissoq
Mineralization expanded down plunge to northeast
MQ-14-073: 45.6m of disseminated mineralization & 5.6m of net-textured to semi-massive sulphides,
assays pending
Spotty Hill
Mineralization consists of wide zones of disseminated sulphides with internal zones of highly conductive
semi-massive sulphides
MQ-14-058: 130.56m @ 0.28% Ni, 0.08% Cu & 0.10 g/t TPM incl. 0.52% Ni over 38.65m and
0.55% Ni over 10.5m
assays pending for heavily disseminated to semi-massive sulphide intervals in holes
MQ-14-062 and 065
Mineralization open down plunge to southeast
35
2014 Drill Program
Regional Targets 3,725m in 22 holes
14 widely spaced regional targets tested
19 of 22 holes intersected prospective noritic and gabbroic rocks
New intersections of mineralized norite at eight locations:
P-149, P-146, P-136, P-004, P-058, P-013, P-030 & P-053
MQ-14-057: 1.72% Ni & 0.26% Cu over 5.58m (P-058, center of property)
MQ-14-051: 0.94% Ni, 0.17% Cu & 0.99 g/t TPM over 4.31m (P-004)
MQ-14-041: 0.36% Ni, 0.17% Cu & 0.15 g/t TPM over 23.2m incl. 3.31% Ni, 0.61% Cu
& 0.27 TPM over 0.5m (P-149, north end of property)
Assay pending for holes at P-013, P-030 and P-053
3 high conductance off-hole fluxgate EM anomalies correlated with mineralized norite
at P-053 (south end of property)
Follow-up drilling and continued testing of regional targets planned for 2015
36
Historical Nickel Occurrences